by Berges (Author)
This practical, real--world guide gives investors all the tools they need to make wise decisions when weighing the value and potential of investment properties. Written for old pros as well as novice investors, this friendly, straightforward guide walks readers step by step through every stage of property analysis. Whether youa re buying or selling, investing in big commercial properties or single--family rentals, youa ll find expert guidance and handy resources on every aspect of real estate finance, including: aeo Proven, effective valuation techniques aeo Finance tips for all different kinds of property aeo How various financing strategies affect investments aeo Structuring financial instruments, including leverage, debt, equity, and partnerships aeo Measurements and ratios for investment performance, including capitalization rates and gross rent multiplier ratios aeo Future and present value analysis aeo How the appraisal process works aeo Primary appraisal methods--replacement cost, sales comparison, and income capitalization--and how to know which one to use aeo How to understand financial statements, including income, balance, and cash flow aeo Case studies for single--family rentals, multifamily conversions, apartment complexes, and commercial office space aeo A detailed glossary of important real estate terminology
Format: Illustrated
Pages: 288
Edition: 1
Publisher: John Wiley & Sons
Published: 23 Aug 2004
ISBN 10: 0471647128
ISBN 13: 9780471647126